The steady FRR and FPAUM growth, combined with the Stellus acquisition, support the durable fee-based model. Monitor future fundraising pace and integration progress for incremental upside. The $0.04 dividend is modest but signals capital return commitment.
Price Chart
Executive Summary
Ridgepost Capital reported Q2 2026 results with Fee-Related Revenue of $80.9M (+11% YoY), slightly above consensus of $80.8M, and Adjusted Net Income per share of $0.24, beating the $0.23 estimate. Fee-paying AUM grew 19% YoY to $34.3B, and the company completed the Stellus Capital Management acquisition, broadening its credit platform. The board declared a $0.04 quarterly dividend.
Key Financial Metrics
Key Facts
- Fee-Related Revenue (FRR) of $80.9M, up 11% YoY vs consensus $80.8M
- Fee-Related Earnings (FRE) of $38.8M, up 10% YoY; FRE margin 48%
- Adjusted Net Income (ANI) of $28.5M, up 6% YoY; Fully Diluted ANI per share $0.24 vs $0.23 consensus
- Fee-paying AUM (FPAUM) of $34.3B, up 19% YoY; total AUM surpassed $50B
- Completed acquisition of Stellus Capital Management on June 22, 2026
- Declared quarterly cash dividend of $0.04 per share, payable Sept 18, 2026
- Net debt of $474M ($313M term loan, $161M revolver); $37M cash; $34M revolver availability
Financial Impact
FRR beat consensus by ~$0.1M; ANI per share beat by $0.01 (4.3%); FPAUM growth 19% YoY
Risk Factors
- Fundraising environment may slow if private markets weaken
- Integration of Stellus Capital Management could face execution challenges
- Leverage increased due to acquisition; debt paydown will be a focus
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-333763 |
| Document: 0001193125-26-333763-index.html | 0001193125-26-333763 |
| Document: 0001193125-26-333763.txt | 0001193125-26-333763 |
| 8-K Data (Synthetic) | 0001193125-26-333763 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 8, 2026 18d ago | SC 13G/A | $7.98 | awaiting T+20 | — | $8.66 (+8.52%) |
Aug 5, 2026 11w ago | 8-K | $8.89 $8.31 | ▼ −6.52% | ▼ −5.92% | $8.66 (−2.59%) |
Aug 5, 2026 11w ago | Press Release | $8.89 $8.31 | ▲ +6.52% | ▲ +5.92% | $8.66 (+2.59%) |
Jul 17, 2026 14w ago | Press Release | $8.76 $8.67 | ▼ −1.03% | ▼ −5.47% | $8.66 (−1.14%) |
Jun 22, 2026 18w ago | 8-K | $7.74 $8.58 | ▲ +10.85% | ▲ +9.69% | $8.66 (+11.89%) |
May 8, 2026 24w ago | 8-K | $8.75 $8.07 | ▼ −7.77% | ▼ −7.79% | $8.66 (−1.03%) |
May 7, 2026 24w ago | Press Release | $8.46 $7.74 | ▼ −8.51% | ▼ −11.65% | $8.66 (+2.36%) |
Apr 15, 2026 27w ago | Press Release | $7.70 $8.55 | ▲ +11.04% | ▲ +5.00% | $8.66 (+12.47%) |
US Market Status
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